Investment firm KKR is providing a credit facility of up to $150 million to support the growth plans of private aviation services company Jet Edge International, the companies announced on June 8.
Regional air mobility startup Electra has unveiled its first commercial product, a hybrid-electric aircraft designed to fly a pilot and seven passengers up to 500 mi. with takeoff and landing distances of just 100 ft.
Hard on the heels of its agreement with UK and U.S. helicopter operator Halo Aviation, Embraer spinoff Eve Urban Air Mobility has partnered with Brazil’s Helisul Aviation to develop an ecosystem for aerial ridesharing.
Investment firm KKR has agreed to acquire fixed-based operator (FBO) Atlantic Aviation from Macquarie Infrastructure Corp. (MIC) for $4.48 billion and assumed debt, the companies announced on June 7.
The complaint alleges the Chinese majority investors misrepresented themselves as venture capitalists, and instead have a “secret goal” to dismantle Icon and move its designs and technology to their home country.
The FAA has issued an emergency order revoking the ability of Universal Flight Services, based in Sarasota, Florida, to charge passengers for flights and the pilot certificate of its owner for allegedly conducting illegal charter flights, the FAA said.
Joby Aviation has laid out its road map to achieve type certification of its electric air taxi and obtain its air operator certificate in order to begin commercial aerial ridesharing services in U.S. cities in 2024.
A partnership between a disabled flying charity, the UK government and various aerospace companies will see the effective creation of a new aircraft type this summer when the first Grob G109 Able light aircraft arrive in the UK.
Icon Aircraft, which produces the Icon A5 light sport amphibious aircraft, has introduced a new app called SMART—Survey for Managing and Assessing Risks to Safety.
The international vertical takeoff and landing industry has a new safety organization called the Vertical Aviation Safety Team, or VAST, with a goal of achieving zero fatal accidents.
Ali Bahrami spent most of his time as head of FAA’s safety and certification activities under intense scrutiny following fatal Boeing 737 MAX accidents in October 2018 and March 2019.
Converting the rooftops of underused parking garages into vertiports is seen as an early opportunity to expand the ground infrastructure for urban air mobility (UAM) beyond the limited number of heliports now operating.
Pfizer Inc.’s corporate aviation department helped reduce the amount of time the company needed to gain emergency use authorization of its COVID-19 vaccine by about two weeks, according to its director.
Garmin on June 1 announced an agreement to supply its G5000 flight deck for the D328eco, an upgraded version of the Dornier 328 regional turboprop under development by Germany-based Deutsche Aircraft.
Under the proposed budget, the FAA would spend $2.4 million in the coming fiscal year to place “senior representatives” in the UK, Mexico, Poland and somewhere in Southeast Asia.
Responding to Wisk Aero’s lawsuit alleging the theft of trade secrets, Archer Aviation has described the case as “entirely baseless” and accused its urban air mobility (UAM) rival of “reckless innuendo and rank speculation” in a bid to “weaponize the legal system” to harm the startup.
Barely a month after being acquired by private-aviation powerhouse Directional Aviation, helicopter operator Halo Aviation has announced a partnership with Embraer spinoff Eve Urban Air Mobility to develop an electric vertical-takeoff-and-landing air-taxi operation in the UK and U.S.
The 2.8-metric-ton-class aircraft would be a clean-sheet design aimed at meeting the UK Ministry of Defense’s rotary-wing unmanned air system (RWUAS) requirements.
The Biden administration rolled out a fiscal 2022 proposed federal budget on May 28 that seeks $18.45 billion for the FAA, $1 billion more than sought last year by the previous Trump administration.
An electric-powered sailplane designed to ease challenges of training glider pilots has completed its experimental test phase and is being prepared for industrialization under a European-funded project.
